Westfield Group FY profit slips

Shopping centre operator sees lift in revenue, says Aust business 'highly resilient'.

Westfield Group (WDC) said its Australian business remains highly resilient, after posting a fall in profit for fiscal 2013.

The shopping centre operator saw a $1.6 billion net profit after tax for 2013, representing a 6.7% fall from the previous year.

But revenue lifted by 7.4% in the year, to $2.39 billion, beating analyst expectations.


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